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How Meme Stocks Changed Investing

admin by admin
October 9, 2021
in Investing
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Your ‘safe’ investing bets could turn out to be a gamble in retirement

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Additionally, the internet and social media played an important role in driving attention to these speculative names and bringing the meme movement to the retail audience.

“Social media has made the accessibility and spread of (meme stocks) happen so much faster across geographic boundaries where people, who especially aren’t in finance and investing, get pulled in because of the story itself,” says Daniel Egan, director of behavioral finance at Betterment, an investing and saving app.

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